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AndreValentin

Long GBPCHF

Long
British Pound / Swiss Franc (FX:GBPCHF)  
AndreValentin  
FX:GBPCHF   British Pound / Swiss Franc
Trend Analysis Fibonacci Wave Analysis GBPCHF gbpchflong
4
0
trendanalysis fibonacci waveanalysis gbpchf gbpchflong
TRADE #5

Price has broken the channel and heading to the the lower part of the channel. Which collides with another strong support area.

I am placing a Buy Order at 1.27000
Stop loss at 1.26450
Target - 134.600 ( at least )

Reasons for entry
1) 61% retracement
2) Last strong support
3) 161% extension of the previous move.
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